Barclays Forecasts Strong Price Appreciation for International Consolidated Airlines Group (LON:IAG) Stock

International Consolidated Airlines Group (LON:IAG) had its price target raised by analysts at Barclays from GBX 375 ($4.73) to GBX 420 ($5.29) in a research note issued on Monday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 21.00% from the company’s current price.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and upped their price target for the stock from GBX 215 ($2.71) to GBX 400 ($5.04) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday.

International Consolidated Airlines Group Stock Performance

IAG traded down GBX 6.90 ($0.09) during midday trading on Monday, reaching GBX 347.10 ($4.38). The company had a trading volume of 27,028,434 shares, compared to its average volume of 24,422,139. International Consolidated Airlines Group has a 1 year low of GBX 141.40 ($1.78) and a 1 year high of GBX 368.06 ($4.64). The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The company has a market cap of £20.51 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.21 and a beta of 2.31. The business has a 50-day moving average of GBX 324.65 and a two-hundred day moving average of GBX 254.82.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.